A few days ago, the Vancouver Sun reported that local yoga wear giant Lululemon has managed to quadruple its net profits since last year, from $7.7 million to $30.8 million. This despite the seaweed debacle from last November.
In the same article it was announced that Lululemon will be closing the four stores it currently has in Japan (Chip will not be pleased, who’s going to make him laugh now?), while opening 35 (!) new outlets in North America. It also mentions that current, and controversial, CEO Bob Meers will be stepping down and will be succeeded by former Starbucks superstar Christine Day.
Last modified: April 7, 2008
